SCHEDULE 13G/A: Truist Financial Discloses 8.46% Beneficial Ownership in Victory Portfolios II ETF

Truist Financial Corporation, through its subsidiary, has reported a beneficial ownership of 8.46% in Victory Portfolios II Exchange Traded Fund as of April 30, 2025.

Summary

• Truist Financial Corporation, acting as a Parent Holding Company for Truist Advisory Services, Inc., has filed an Amendment No. 2 to Schedule 13G.
• The filing discloses beneficial ownership in Victory Portfolios II, an Exchange Traded Fund (ETF) with CUSIP Number 92647X798.
• As of April 30, 2025, Truist Financial Corporation beneficially owns an aggregate of 33,006.92 shares of the ETF.
• This ownership represents 8.46% of the class of securities.
• Truist Financial Corporation holds sole voting power and sole dispositive power over all 33,006.92 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: This is a factual regulatory filing disclosing beneficial ownership, not a performance or strategic announcement, thus it carries a neutral sentiment.

Future Outlook

NA

Industry Context

This filing is a routine regulatory disclosure by a large financial institution, Truist Financial Corporation, indicating its significant passive investment in an Exchange Traded Fund (ETF). Such disclosures are common for institutional investors holding more than 5% of a company's or fund's shares, reflecting their investment management activities rather than strategic corporate actions related to the issuer.

Stakeholder Impact

• Shareholders of Victory Portfolios II ETF: Confirms a significant institutional holder, which can provide a degree of stability or liquidity to the fund's shares.

Key Dates

Keywords

Truist Financial Corporation, Victory Portfolios II, Exchange Traded Fund, ETF, Schedule 13G, Beneficial Ownership, Investment Adviser, Holding Company, SEC Filing